Spencer’s Retail Rights Issue – Dates, How to Apply, Price Band, Allotment Details

Spencer’s Retail is now coming with its Rs 80 crore rights issue on 4th August, 2020. The company is offering is offering 1,06,04,563 rights equity shares at Rs 5 each share. This rights issue is already opened and will close for subscription on August 18, ratio is 2 shares for every 15 shares held by eligible shareholders. Spencer’s Retail is the part of RP Sanjiv Goenka Group which is providing wide range of quality products across categories such as food, personal care, fashion, home essentials, electrical and electronics. Today the company is running around 120 stores. Spencer’s have plan to use rights issue fund for working capital requirements and rest for general corporate purposes. As per the financial report company have market capitalisation at Rs 590 crore on March 31. The existing shareholders of the company can purchase additional shares at a discounted price. The company has set date for allotment on August 25 and will be listed on August 27. Checkout Spencer’s Retail rights issue dates, price band, issue size, allotment and listing details.